3 July Florida's Bond Rating is AAA July 3, 2018 By Laura Pavlus General bonds 0 AP News - June 23, 2018 - Florida gets high marks for handling of state finances - Read full article here Florida is getting high marks from a major ratings agency for a “sustained” and “robust” recovery from the Great Recession. Moody’s Investors Services upgraded the state’s bond rating to AAA. That’s the highest rating the agency awards and means Florida will pay lower interest payments when it borrows money. The administration of Gov. Rick Scott said this marks the first time that all three major rating agencies have assigned the state their highest ratings. During his time as governor Scott has pushed to reduce Florida’s total amount of debt. Moody’s in a release Thursday said Florida earned the higher rating because the state’s economy and finances have been consistently improving. It also noted the state’s low amount of debt and the health of its pension plan. Related Florida's Fastest-Growing Natural Gas Supplier is Coming to Green Cove Springs After more than a year of negotiations and discussions, one of Florida's fastest-growing natural gas suppliers is ready to lay pipe here. Florida's Unemployment Rate Continues to Drop No debate here: Florida's unemployment rate continues to drop — even as more people move to Florida and enter the workforce. What's not to like? Vac-Con Inc. of Green Cove Springs in Clay Finalist for Manufacturers Association of Florida's Manufacturers and Distributors of the Year Award Vac-Con Inc., based in Green Cove Springs, is a finalist for large manufacturer of the year, for companies with more than 200 employees. Harris Corporation of Palm Bay and Sikorsky Aircraft Florida Assembly and Flight Operations in Jupiter are also finalists. Business Leaders Get Glimpse of Florida's Aerospace Industry at Clay EDC Q2 Luncheon Presentation Frank DiBello, CEO of Space Florida, was the keynote speaker for the June 8 quarterly luncheon sponsored by the Clay County Economic Development Corp., which works to bring high-skill, high-wage jobs to Clay County. Florida's July Employment Figures Released Florida’s seasonally adjusted unemployment rate was 4.1 percent in July 2017, unchanged from June 2017, and down 0.8 percentage point from a year ago. There were 411,000 jobless Floridians out of a labor force of 10,114,000. The U.S. unemployment rate was 4.3 percent in July. Florida's GDP Hits $1 Trillion Mark: As a Country, It'd Rank 17th in World Florida’s gross domestic product topped $1 trillion Friday, an economic output that would make the Sunshine State the world’s 17th largest economy if it were an independent country, the state chamber said. Showing 0 Comment Comments are closed.